Let us say that you won the lottery and you want Bitcoin to succeed in the long term. You want to take some of your earnings, $10 million, and use it toward making Bitcoin a fairly popular and useful currency of choice.

Let us say that you won the lottery and you want Bitcoin to succeed in the long term. You want to take some of your earnings, $10 million, and use it toward making Bitcoin a fairly popular and useful currency of choice.

What would you do?

I would spend the money convincing walmart to accept Bitcoins in all of their stores world wide.

Prepare a brilliant legal team and start actively engaging in cases to set precedent.

I like this answer. I would also put some into shoring up some of the weak points of the system. Such as ensuring we have a fully p2p exchange system. A few developers working on it full time should be able to solve that in a few months I imagine.

Let us say that you won the lottery and you want Bitcoin to succeed in the long term. You want to take some of your earnings, $10 million, and use it toward making Bitcoin a fairly popular and useful currency of choice.

What would you do?

Buy a Bank. A real functioning commercial bank with all of the licenses in good standing.

Let us say that you won the lottery and you want Bitcoin to succeed in the long term. You want to take some of your earnings, $10 million, and use it toward making Bitcoin a fairly popular and useful currency of choice.

What would you do?

Buy a Bank. A real functioning commercial bank with all of the licenses in good standing.

I'd go with a Credit Union, much easier to maintain. Has its advantages and disadvantages over a Bank, but I think its a wiser choice.

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

Let us say that you won the lottery and you want Bitcoin to succeed in the long term. You want to take some of your earnings, $10 million, and use it toward making Bitcoin a fairly popular and useful currency of choice.

What would you do?

Buy a Bank. A real functioning commercial bank with all of the licenses in good standing.

I'd go with a Credit Union, much easier to maintain. Has its advantages and disadvantages over a Bank, but I think its a wiser choice.

I wonder if, at some stage in the bitcoin world, it would make sense for some of the top companies to form a JV and create/buy a credit union/bank in some free banking area, like Panama? Some grounded, brick and mortar, physical bank that would add one more strong link between Bitcoin and normal financial markets.

I wonder if, at some stage in the bitcoin world, it would make sense for some of the top companies to form a JV and create/buy a credit union/bank in some free banking area, like Panama? Some grounded, brick and mortar, physical bank that would add one more strong link between Bitcoin and normal financial markets.

Is there value in something like that?

Actually, its in the works! Although not in the immediate future, I'd say definitely within a few years.

I've been flying around the US meeting investors and individuals high in the finance world. One of my vc's had equity in BankServ, he was responsible for selling the company for $300 Million. When I met with him last week, he said things would be so much easier for BitInstant and our goals if we buy or start a small Credit Union, and he wants to help us get there

I know the executives of a few exchanges are in talks about it as well.

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

I wonder if, at some stage in the bitcoin world, it would make sense for some of the top companies to form a JV and create/buy a credit union/bank in some free banking area, like Panama? Some grounded, brick and mortar, physical bank that would add one more strong link between Bitcoin and normal financial markets.

Is there value in something like that?

Absolutely. it's the link to the fiat / Federal Reserve world that is the regulatory nightmare for bitcoin right now. The bitcoin economy can work just fine on its own. It's where it interacts with the fiat system that all hell brakes loose.

International Casinos can also play a role. In most casinos now, you can deposit Euros, Yen, etc. Sometimes it needs to be wired in, but you can also do it in person. You then play with your chips. You can cash out however you wish. If a casino allows deposits in bitcoins just like any other currency, they give you chips and away you go.

Let us say that you won the lottery and you want Bitcoin to succeed in the long term. You want to take some of your earnings, $10 million, and use it toward making Bitcoin a fairly popular and useful currency of choice.

I know, I would pay the worlds best programmer to make a decentralized curren.... dangit, fell for another cyclical thought pattern. hey guys I thought we already reached over 150k blocks? is that not enough proof?

that aside, perhaps it would be well spent on something like open transactions, and then buying some physical precious metals and becoming the first issuer of OT precious metals - being available in some physical location so that people can cash out/cash in. just make sure the issuer understands that it is more profitable to not rip people off in the long run.